How much money do you need to save for retirement? $500,000? $2 million? The answer will never be the same. It’s specific to you. So how do you figure it out? In this episode of Retire with Ryan, I’ll share five steps you can follow to determine how much you need to retire.
You will want to hear this episode if you are interested in...
- [1:25] Step #1: Calculate your budget for retirement
- [4:11] Step #2: Calculate what you’ll receive from Social Security
- [5:10] Step #3: Are you eligible for a pension?
- [5:40] Step #4: Will you have any other income sources?
- [6:27] Step #5: Look at your investments to see what you can withdraw
- [9:28] Go through this exercise to determine exactly what you need
Resources Mentioned
Connect With Morrissey Wealth Management
www.MorrisseyWealthManagement.com/contact
Subscribe to Retire With Ryan
